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Fisher receives $3.4 million from Wolstein Foundation

Published: 2012-09-10

Ohio State President Dr. E. Gordon Gee, Dean Christine A. Poon, Iris S. Wolstein, and Ohio State Head Soccer Coach Bluem
Ohio State President Dr. E. Gordon Gee, Dean Christine A. Poon, Iris S. Wolstein, and Ohio State Head Soccer Coach John Bluem

The Bertram L. and Iris S. Wolstein Foundation recently committed $4.9 million to The Ohio State University, with $3.4 million going to Fisher College of Business and $1.5 million to the Department of Athletics. The commitment was presented to Ohio State President E. Gordon Gee by Iris S. Wolstein at Ohio Stadium during the Sept. 1 Ohio State vs. Miami football game.

When approved by The Ohio State University Board of Trustees, the commitments will name several programs. The Max M. Fisher College of Business will establish the Bert L. and Iris S. Wolstein Entrepreneurial Leadership Initiative Fund, which will support the newly created Bert L. and Iris S. Wolstein Seminar in Entrepreneurial Leadership, a capstone course for advanced students. Students who successfully complete the seminar will be recognized within Fisher as Bert L. and Iris S. Wolstein Scholars and will graduate with a Distinction in Entrepreneurship.
 
The Bert L. and Iris S. Wolstein Entrepreneurial Leadership Initiative Fund will also create and support the Bert L. and Iris S. Wolstein Entrepreneurial Internship Program for students and the Bert L. and Iris S. Wolstein Entrepreneurial Leadership Summit, an annual educational program for entrepreneurs and executives. Faculty members assigned to oversee any of the three aspects of the Bert L. and Iris S. Wolstein Entrepreneurial Leadership Initiative Fund will be known as Bert L. and Iris S. Wolstein Fellows. The commitment to the Department of Athletics will establish The Bert and Iris Wolstein Men’s Soccer Fund and name the Bert L. and Iris S. Wolstein Field at Jesse Owens Memorial Stadium for the life of the facility. 

In 2006, Ohio State named the annual season-opening men’s soccer tournament The Bert and Iris Wolstein Soccer Classic for the couple, who first brought professional soccer to Ohio in 1979. To further honor their generosity, Ohio State will place a “Bert and Iris Wolstein Classic” logo on the soccer field during the Wolstein Soccer Classic.

The late Bert Wolstein founded Heritage Development Company, a full service real estate firm headquartered in Moreland Hills, Ohio, involved in residential, industrial, and commercial real estate projects across the country. Wolstein was also founder and chairman emeritus of Developers Diversified Realty, one of the nation’s largest and most successful real estate investment trusts.

Iris S. Wolstein is president of Heritage Development Company, where she oversees operations for Heritage Development and its subsidiaries. In addition to running the firm, Mrs. Wolstein is a director of The Ohio State University Foundation Board. She continues the family legacy through her involvement in a number of charitable organizations and philanthropic endeavors, including support of The Ohio State University, where the family has given generously over many years.